HS LOGISTICS
ActiveHS LOGISTICS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €7k. Equity is growing by ~54.4% per year across the filed fiscal years. Its solvency ranks better than 17% of 716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▼-5
Solvency32▲+2
Growth83▲+3
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.07 against 1.05 in 2024; short-term debt: 93.1% and cash: 0.1% of total assets), and 93.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 716 sector peers (2025).
NBB · sector comparisonPosition among 716 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 14-10-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
18 d late
2023
1 d early
2022
6 d early
2021
359 d late
2020
724 d late
2019
1090 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close16-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€654k▲ 30.7%
2024 · €500k
2019: €243k
2020: €179k
2021: €254k
2022: €328k
2023: €499k
2024: €500k
2019 → 2025
EBIT margin
2.0%▼ 3.8pp
2024 · 5.8%
2019: 1.5%
2020: 2.2%
2021: 4.4%
2022: 2.6%
2023: 2.2%
2024: 5.8%
2019 → 2025
Net result
€7k▼ 64.0%
2024 · €18k
2019: €-137
2020: €-2k
2021: €-176
2022: €4k
2023: €5k
2024: €18k
2019 → 2025
Working capital
€38k▲ 21.0%
2024 · €31k
2019: €6k
2020: €4k
2021: €4k
2022: €8k
2023: €13k
2024: €31k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€254k-€328k▲ 29.2%€499k▲ 52.2%€500k▲ 0.3%€654k▲ 30.7%
Equity€4k-€9k▲ 104%€13k▲ 56.4%€32k▲ 137%€38k▲ 20.8%
Operating result€11k-€8k▼ 24.5%€11k▲ 30.9%€29k▲ 163%€13k▼ 55.3%
Net result€-176-€4k€5k▲ 10.4%€18k▲ 280%€7k▼ 64.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €554k
Fixed assets
€289=
Current assets
€553k▼ 8.7%
Equity and liabilities €554k
Equity
€38k▲ 20.8%
Debt
€515k▼ 10.3%
The debt ratio falls from 94.8% to 93.1%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
6.9%▲
2024 · 5.2%
Current ratio
1.07▲
2024 · 1.05
Quick ratio
1.07▲
2024 · 1.05
Debt / equity
13.46▼
2024 · 18.13
ROE
17.2%▼
2024 · 57.8%
ROA
1.2%▼
2024 · 3.0%
Debt
€515k▼
2024 · €575k
Debt ≤ 1 year
€515k▼
2024 · €575k
Income taxes
€5k▼
2024 · €8k
Staff costs
€489k▲
2024 · €418k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€606k€554k▼
Fixed assets21/28€289€289=
Financial fixed assets28€289€289=
Current assets29/58€606k€553k▼
Amounts receivable within one year40/41€592k€552k▼
Trade receivables40€564k€550k▼
Other amounts receivable41€28k€2k▼
Cash at bank and in hand54/58€13k€547▼
Deferred charges and accrued income490/1€2k€840▼
Equity and liabilities
Total equity and liabilities10/49€606k€554k▼
Equity10/15€32k€38k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€25k€32k▲
Amounts payable17/49€575k€515k▼
Amounts payable within one year42/48€575k€515k▼
Financial debts43€25k€22k▼
Credit institutions430/8€25k€22k▼
Trade debts44€78k€48k▼
Suppliers440/4€78k€48k▼
Taxes, remuneration and social security45€100k€129k▲
Taxes450/3€11k€8k▼
Remuneration and social security454/9€88k€120k▲
Other amounts payable47/48€372k€316k▼
Income statement
Code20242025
Turnover70€500k€654k▲
Goods, raw materials, services and sundry goods60/61€53k€164k▲
Remuneration, social security and pensions62€418k€489k▲
Other operating charges640/8€599€613▲
Non-recurring operating charges66A€6k-
Gross operating margin9900€453k€502k▲
Operating profit (loss)9901€29k€13k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€27k€11k▼
Income taxes67/77€8k€5k▼
Profit (loss) for the period9904€18k€7k▼
Profit (loss) for the period to be appropriated9905€18k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€32k▲
Profit (loss) brought forward from the previous period14P€7k€25k▲
Social balance
Average headcount (FTE)90877.68.8▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
31-03
Financial
Highest result since 2019net €18k ▲280%
Operating result €29k, net result €18k, both a record.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 359 days late
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 724 days late
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 1090 days late
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1455 days late
31-03
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
2020
31-03
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
2019
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 417 days late
2018
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 180 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zedelgem · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Remi Claeysstraat 888210 ZedelgemGround area
3,259 m²
Building footprint
2,617 m²
Volume, LiDAR
17,270 m³
Parcel 31040D0431/00S000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Remi Claeysstraat 88, 8210 Zedelgem
since 20082.174.725.845
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31040D0431/00S000 | Flanders | 3,259 m² | 1 · 2,617 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MY SELF STORAGE
BE 0711.942.188
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ARCHIVAGE ET GARDIENNAGE
BE 0464.912.585
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Mukden Logistics
BE 0747.985.311
Zelzate · Eq €38k
MIKO LOGISTIC
BE 0478.692.723
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STOCKAGE VEDRIN
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Of 1,030 companies in sector 52100 we hold annual accounts for 764. 284 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2008
Fiscal year end31-03
Activities, NACEBEL
52100Warehousing and storage
52250Logistics services
52290Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.